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Laurel Road personal loans review

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Midsize loans with competitive rates — but not the lowest around.

TrustPilot Reviews: 4.4 / 5.0 (312 reviews)’s rating: 4.2 / 5.0


  • Best for borrowers with established credit and high income.
  • Pick something else if you can qualify for lower rates elsewhere.


Max. Loan Amount

7.50% to 24.75%



Min. Credit Score


Product NameLaurel Road personal loans
Min. Loan Amount$1,000
Max. Loan Amount$45,000
APR7.50% to 24.75%
Interest Rate TypeFixed
Min. Credit Score680
Loan Term3, 4 or 5 years
Turnaround TimeAs little as 2 business days

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Laurel Road personal loans are ideal for doctors and dentists who are currently practicing or have a signed contract to practice in the next year. You can qualify for larger loan amounts — up to $80,000 — and APRs as low as 6.5%. It doesn’t charge any origination fees, and you can score a 0.25% discount on your interest rate by signing up for autopay.

Not in the medical field? You may be able to find a better deal elsewhere. Loans for all other borrowers are capped at $45,000 with rates on the higher side — especially if you have excellent credit.

Not sure Laurel Road is for you? Compare more options below.

Best of 2020
Finder experts pick Laurel Road personal loans as a 2020 best pick for personal loans.

How much will this loan cost me?

The APR of a personal loan from Laurel Road will depend on the loan term you select.

Loan termPotential APR
3 years8.26% to 14.05%
4 years9.41% to 15.45%
5 years10.26% to 16.55%

If you choose to enroll in automatic payments, Laurel Road will take an additional 0.25% off your APR — which can further help reduce the cost of monthly repayments and the total amount of interest you repay.

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How it works

Laurel Road accepts borrowers with good to excellent credit — and the better your credit, the lower your APR will be. It doesn’t charge any set fees, so the APR you receive will reflect the interest you pay. By signing up for automatic payments from a bank account or opting for a shorter term, you can also reduce your APR. This will reduce the total amount of interest you pay, making your loan less expensive overall.

Special loan options for doctors, dentists and residents

Doctors and dentists currently practicing — or who plan to complete their training within a year and have a contract to practice — can borrow up to $80,000 with APRs as low as 5.75%. Residents and fellows in training or who have a match letter can also qualify for a special loan option, with terms as long as seven years.

Loan termPotential APR
3 years5.75% to 8.24%
4 years6.75% to 9.24%
5 years7.75% to 10.24%

When you enroll in autopay, your rates will be reduced by 0.25%.

What do I need to qualify?

To qualify for a Laurel Road personal loan, you must meet these requirements:

  • Minimum credit score of 680+
  • US citizen or permanent resident
  • At least 18 years old

Laurel Road personal loans are best for borrowers with an annual income of at least $60,000 and a debt-to-income ratio of less than 40%.

What information do I need to apply?

You’ll need to supply a few pieces of information to submit an application.

  • Social Security number
  • Employment status
  • Annual income
  • Monthly housing payment
  • Highest level of education

Laurel Road may also ask you to provide a copy of a government-issued photo ID and two recent pay stubs to finalize your application.


  • Autopay discount of 0.25%
  • No origination or prepayment fees
  • Cosigners accepted
  • $400 referral bonus


  • High credit requirements
  • Low maximum of $45,000
  • Limited loan term options

Compare other personal loan providers

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible personal loans
4.99% to 35.99%
Fair to excellent credit
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
Monevo personal loans
3.49% to 35.99%
Quickly compare multiple online lenders with competitive rates depending on your credit.
Fiona personal loans
4.99% to 35.99%
Get loan offers from multiple lenders at once without affecting your credit score.
LendingTree personal loans
Starting from 2.49%
Good to excellent credit
Receive up to five loan offers in just minutes through LendingTree's simple online form.
SoFi personal loans
5.99% to 18.28%
A highly-rated lender with competitive rates, high loan amounts and no fees.

Compare up to 4 providers

Is Laurel Road legit?

Yes, Laurel Road is a legit lender backed by KeyBank. It has a secure website to keep your information safe, and its privacy policy covers how that information can be used and shared. It also has a robust FAQ for all its loans, making it easy to find details about your loan before you apply.

Laurel road reviews and complaints

BBB accreditedNo
BBB ratingA-
Trustpilot score4.4 out of 5 stars, based on 312 customer reviews
Customer reviews verified as of12 October 2020

There isn’t much out there. The most recent TrustPilot reviews are mixed. Some customers were happy with the customer service and low rates. Others complained that it took Laurel Road a long time to review their application, only to have it rejected.

Laurel Road user reviews

4.4 / 5.0 (312 reviews)
  • I never look forward to doing anything that has to do with student loans, but...
    read full review
  • Quick and easy process
    read full review
  • Best rate, quick application, loan closed and funded promptly. 'nuff said
    read full review
  • Laurel Road is truly undoubtedly, the best loan refinanced have ever had so far. Very...
    read full review
  • This company has been a genuine pleasure to work with. Before Laurel Road, I had...
    read full review
  • When I came out of my medical residency in 2017 there were only 2 banks...
    read full review

How do I apply?

You can apply for a personal loan through Laurel Road’s short online application in just a few steps.

  1. Visit Laurel Road’s website, visit the personal loans section and click Check my rates.
  2. Enter information about yourself, including your Social Security number and date of birth.
  3. Enter information about your employment and education, including your annual income and graduation date.
  4. Select the purpose of your loan, then enter the total amount you want to borrow.
  5. Read Laurel Road’s disclosures and click Continue to submit your application.

What happens after I apply?

Laurel Road will process your application within a few minutes and let you know if you’ve been preapproved. After, you’ll receive a letter with your rate and disclosure information. The final step is accepting the loan’s terms and signing your promissory note.

How do repayments work with Laurel Road?

Laurel Road’s personal loans are serviced by KeyBank and have monthly repayments. By signing up for autopay, you can take advantage of its 0.25% APR discount. Laurel Road also offers a relationship discount on its personal loans if you already have an eligible loan.

You can change your repayment date by contacting Laurel Road. You may also be able to refinance your personal loan to potentially score a lower rate. And while Laurel Road doesn’t state the specific fees it charges for late payments, you should check your loan contract to see what you might be charged if you’re unable to make your payment on time.

To find the best deal available, check out Laurel Road’s other options and compare more personal loans.

Frequently asked questions

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